Realogics Sotheby's International Realty Among the Top 10 Largest Real Estate Companies

The firm’s resales surpass $1 Billion in 2017, a pace of growth that is credited to RSIR’s exclusive marketing platforms, international buyers, and broker micro-branding

Representatives of Realogics Sotheby’s International Realty (RSIR) confirmed today the firm has posted more than $1 billion in closed and pending home resales year to date, not including $225 million in new construction condominium presales that are also pending. The firm pegged a 40.6-percent growth rate for sales volumes year-over-year so far in 2017, according to Trendgraphix, leading the top ten largest real estate brands. The relatively boutique-sized company, comprised of just 225 brokers, also leads its immediate peer group in the average selling prices ($985,000), average buyer contracts ($839,500), average listing prices ($2,177,900) and total listing production per broker ($2,910,710) when comparing on a trailing 12-month basis per NWMLS data as of August 31, 2017.

Noted for being a positive disruption in the local real estate industry, Realogics Sotheby’s International Realty leads other game changing companies with percentage unit growth and dollar volumes year so far in 2017 over the prior year.

“We are tremendously proud of our brokers for establishing RSIR as a global leader in local real estate,” said Jennifer Johnsen Cameron, Vice President of Brand Development for the firm. “These impressive statistics speak to the caliber of our brand, the strength of our team and the reputation we’ve earned with buyers and sellers in one of the most competitive and dynamic markets in the US.”

Though boutique in size, RSIR leads its peer group in a number of significant categories.

“We’ve worked hard to distinguish our brand and offer exclusive marketing platforms that provide our brokers and clients with every available advantage in the industry,” said Stacy Jones, Co-owner and Vice President of RSIR. “In many ways, we’re a marketing company that’s become a full service real estate brokerage and a global brand that’s become hyper-local. While we are known as a leader in luxury around the world, we are honored to represent all property types by deploying world-class marketing with matchless representation at all price points.”

“This acknowledgement of trust is the very hallmark of our brand,” said Dean Jones, President and CEO of RSIR. “It’s been that way since 1744, when Sotheby’s was representing many of the world’s most important treasures in the auction house, and now this legacy extends to our real estate transactions today.”

Jones refers to his brokers as Global Real Estate Advisors and suggests that their approach is more similar to that of a wealth manager of a family portfolio than a transaction negotiator.

“Sometimes the right decision is to not buy or sell,” adds Jones. “Looking after your client’s best interests is what it is all about, rather than focusing on a single sale within a transaction business. That’s how our brokers earn their client’s business and trust for life.”

Johnsen Cameron reports that more than 60 brokers have joined RSIR in the past year and the firm’s recent expansions include new annexes in Belltown and Kirkland. Additionally, she says RSIR has more than $800 million in current inventory between resale and new construction properties, which includes high-rise condominium towers like NEXUS, where more than 83-percent of the 382 units are presold 24 months before occupancy.

“Our supportive brokerage model doesn’t require a high volume of brokers to generate a high volume of business,” adds Johnsen Cameron. “Our ownership, executive team and broker care group don’t sell or compete with their brokers – we built this company for them and our growth in market share is a testament to their hard work.”

RSIR will be represented by more than four dozen representatives at the Global Networking Event in Las Vegas from September 24th – 27th when an estimated 2,500+ affiliates of the brand will convene to share best practices and learn from corporate leaders about the exciting growth within the world’s preeminent global and luxury real estate network.

Information was obtained by sources deemed reliable but cannot be guaranteed. Viewers are encouraged to perform independent due-diligence before acting upon data provided herein. E&OE.